ETF Tracker StatSheet You can view the latest version here. NASDAQ ENDS ITS WORST WEEK SINCE MARCH [Chart courtesy of MarketWatch.com] Moving the markets An early bounce was not enough to restore the bullish momentum, as the Nasdaq bobbed and weaved throughout the session, closing in the red and ending its worst week since March with a loss of …
Popping And Flopping
[Chart courtesy of MarketWatch.com] Moving the markets The first part of the session showed the bulls clearly in charge when suddenly Brexit concerns hit the headlines, which was followed by news that the Democrats voted to block the Republican’s stimulus bill. That was enough send stocks, bonds, and gold diving, while the dollar enjoyed a rebound rally. ZH summed up …
Comeback Wednesday
[Chart courtesy of MarketWatch.com] Moving the markets After 3 days of the markets getting slammed, with the Nasdaq having one of its worst stretches and reaching correction territory, conditions became so oversold that buyers stepped in and restored bullish momentum. As it turned out, the Nasdaq 100’s 50 day Moving Average provided critical support, at least for this session, and …
The Nasdaq Puke Continues
[Chart courtesy of MarketWatch.com] Moving the markets Last Thursday’s sharp sell-off, which continued Friday in a more moderate fashion, thanks to a late rebound, accelerated today, as the Labor Day weekend did nothing to encourage a return to bullishness. Instead, the major indexes puked again, with the Nasdaq showing the steepest losses except for crude oil, which took top billing …
ETF Tracker Newsletter For September 4, 2020
ETF Tracker StatSheet You can view the latest version here. DOW ROUNDTRIPS 600 POINTS IN VOLATILE SESSION [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s sell-off continued with utter abandon early on, but mid-day buying limited the losses, however, the tech sector again took the biggest beating. The relentless waves of selling caused me to liquidate one of our …
Dumping Into The Red
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s “reckless advance,” as I titled it, hit the skids today with a long overdue correction instilling some reality in the markets that nothing can go up forever nor in a straight line. As a result, the major indexes plunged with the Nasdaq setting the dubious record of giving back the most, namely …